Wyoming Stablecoin FRNT Officially Launches on Kraken, Now Open for Public Purchase

Odaily News: The Wyoming Stable Token Commission announced that its Frontier Stable Token (FRNT) is now officially available for public purchase through the Wyoming-based cryptocurrency exchange Kraken. The Commission stated that FRNT is the first stablecoin in the United States issued by a public entity, backed 1:1 by fiat currency with full reserves. The interest generated from the related reserves will be used to support school projects in Wyoming, serving as a public good and exploring diversified revenue streams for the state.

According to the official introduction, FRNT has been deployed on the Solana blockchain and can access networks such as Arbitrum, Avalanche, Base, Ethereum, Optimism, and Polygon through cross-chain infrastructure. FRNT is primarily used for peer-to-peer USD-denominated payments, featuring second-level settlement, low fees, strong auditability, and reduced counterparty risk, making it suitable for both retail and institutional scenarios. The Commission also stated plans to further expand the application scope of FRNT in 2026, introduce more partners, and deploy related payment and settlement scenarios within state government agencies.